Northgate Shopping Center | 3725-3865 Ramsey St
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Northgate Shopping Center 3725-3865 Ramsey St
241,668 SF 100% Leased Retail Building Fayetteville, NC 28311 £14,158,605 (£59/SF) 7.75% Net Initial Yield
Investment Highlights
- Northgate Shopping Center had 2.3 million visits in the last 12 months per Placer.ai
- Strong national and regional daily-needs tenants include Ross, Ollie’s Bargain Outlet, Rent-A-Center, Wells Fargo, UPS, Subway, Papa John’s, CrossFit
- Fort Liberty’s base-supported population of 251,646 has a massive economic impact on the Fayetteville region totaling $8.1 billion dollars annually
- Ramsey Street (44,090 VPD) is 2 miles from Interstate 295, spanning the City of Fayetteville and a connector to Interstate 95
- Desirable outparcel tenancy: Advanced Auto Parts and Hobby Town. The center is supported by outparcel tenants that are not part of the subject propert
- 243,894 people live within a 10-mile radius of the shopping center
Executive Summary
A highly established, value-play acquisition opportunity on a major retail corridor in a high-growth, mission-critical military town, priced well below replacement cost. Northgate Shopping Center is a bustling, highly established retail venue on high-traffic Ramsey Street in Fayetteville. It’s adjacent to a top 5% Lowe’s Home Improvement, near Walmart Supercenter at a signalized intersection with multiple points of ingress/egress. Fort Liberty (formerly Ft. Bragg) has a $66 billion statewide economic impact with a 251,646 base supported population.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
241,668 SF
Building Class
B
Year Built
1989
Price
£14,158,605
Price Per SF
£59
Net Initial Yield
7.75%
NOI
£1,097,265
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.19
Land Acres
29.41 AC
Zoning
CC
Parking
263 Spaces (1.09 Spaces per 1,000 SF Leased)
Frontage
454 ft on Ramsey Street
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £9,811,017 | |
| Land Assessment | £2,187,544 | Total Assessment | £11,998,561 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£2,187,544
Improvements Assessment
£9,811,017
Total Assessment
£11,998,561
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Northgate Shopping Center | 3725-3865 Ramsey St
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